International Journal of Management and Enterprise Development (11 papers in press)
- Agribusiness and Value Chain Management Students Attitude towards Entrepreneurship in Haramaya University, Ethiopia: Promises or Practices of Modularization?
by Mohammed Aman
Abstract: Despite the implementation of modularized approach of teaching among Agribusiness and Value Chain Management (ABVM) students, how it influenced students entrepreneurship attitude remained unstudied at least at school level. This self-sponsored study was intended to assess the attitude of Haramaya University ABVM and Agribusiness Management (ABM) students towards entrepreneurship role and to identify how the new teaching curriculum affected students attitude. The study was conducted in the second semester of the 2012/13 academic year. A structured questionnaire and availability sampling techniques were used to select a total of 128, first and second year ABVM and third year ABM, students. The Guttmanns three point scale was used to identify attitude of students towards entrepreneurship. Results revealed that, 93.7% of them perceived entrepreneurship role positively, 2.13% negatively and 4.8% neutrally. Students with entrepreneur(s) family have statistically significant access to ICT than those without. Students learning through modularized curriculum found to have positive and significant perception towards employability and income generation role of entrepreneurship. Hence, the promises not the practice of modularized approach of teaching highly influenced attitude of students towards entrepreneurship. To boost entrepreneurship attitude of students, there is a need to focus on practical aspects of modularization.
Keywords: attitude;, entrepreneurship; ABM; ABVM; Guttmannâ€™s three point scale; Haramaya; Ethiopia
- LINKAGES AMONG ORGANIZATIONAL CULTURE, KNOWLEDGE MANAGEMENT, AND PATIENT SAFETY PERFORMANCE: EVIDENCE FROM A STATE HOSPITAL
by Saffet Ocak, Mehmet Ali Koseoglu, Andy Bertsch
Abstract: The present study aims to reveal the effects of organizational culture and knowledge management applications on patient safety performance. The sample of the study consists of nurses working in a state hospital with 502-bed capacity in Turkey. The data were collected through a questionnaire. The analyses conducted revealed that there is a negative correlation between various aspects of organizational culture and patient safety performance. In this correlation, it was found that the strongest effect comes from developmental culture and the weakest effect from rational culture. A positive strong and significant correlation was found between applications of knowledge management techniques and patient safety performance. This correlation is most affected by knowledge dissemination and it is followed by knowledge acquisition and responsiveness of knowledge. Moreover, we found a significant correlation between knowledge management and organizational culture. Finally, the implications for practice and literature will be discussed and suggestions will be made for further research.
Keywords: Knowledge management, organizational culture, patient safety performance
- IT Balanced Scorecard new way of IT and business strategy integration
by Magdalena Mulawa, Joanna Świerk
Abstract: The Balanced Scorecard (BSC) originated by Kaplan and Norton is known as a strategy performance management tool. The most significant role of the BSC is ability to translate corporate strategy and mission into measurable and tangible objectives, focusing on the most meaningful measures. It is a popular management system which is used to clarify the organizations strategy, vision and translate them into action. Therefore it enables executives to accomplish their strategy in effective way.
The traditional BSC has evolved since its developing to a full strategic management system. In 1997 is was adopted by Van Grembergen and Van Bruggen for a use by a corporate IT department. They proposed modification of traditional BSC, creating the IT Balanced Scorecard (IT BSC) consisting of four new perspectives: Corporate Contribution, Customer (User) Orientation, Operational Excellence, Future Orientation.
The paper presents the idea of IT BSC, its history, the stages of development, current drivers and use of todays IT BSC. The main aim of this article is the verification of the hypothesis that IT BSC is some new way of IT and business strategy integration, important component of modern organization. As a result of the analyses of this issue, authors tries to show the meaning of this tool in the nearest future.
Keywords: IT BSC, BSC, company, companyâ€™s value, IT department, business strategy, management
- EFFICIENCY AND PROFITABILITY ALONG THE LIFECYCLE STAGES OF SMALL ENTERPRIseS
by Csaba Balint Illes, Hilda Hurta, Anna Dunay
Abstract: The Adizes lifecycle model is a widely used model for determining the different development stages of enterprises. Lifecycle stages may be differentiated even in the smallest companies, and the model may be used in analyses before making plans and can be a practical tool for managers in the decision-making process.
We conducted an overall survey among Hungarian SMEs in 2012, and examined the different attitudes and behaviour of managers in different lifecycle stages of their companies and the most important motivations and driving forces of their decisions in the specific stages.
Firstly, we analysed the financial performance of enterprises according to the results of their balance sheet, by which we determined four main categories depending on their business success. Our results proved that the profitability of enterprises is strongly influenced by their lifecycle stage and the growing process is also determined by the age of the enterprise.
Keywords: SMEs, lifecycle stages, profitability, growth, competitiveness, Greinerâ€™s growth model, Adizesâ€™s model, Hungarian enterprises
- CORPORATE POLICY AND THE DEGREE OF MANAGEMENT SOPHISTICATION IN SLOVENIAN COMPANIES
by Klemen Kavcic
Abstract: The purpose of this study was to determine whether a statistically significant impact exists between management sophistication and certain factors, such as for example company size, business activity, ownership, etc. and between selected economic indicators. The study was conducted with the aid of quantitative research methods on a dedicated sample of 98 Slovenian companies. A questionnaire to assess the management of corporate policy was used for the acquisition of data. We found that the majority of the individual components of management sophistication in managing a company's corporate policy had a statistically significant impact in terms of the company's size, profit and added value per employee. A higher level of management sophistication in managing corporate policy depending on the type of capital was found in companies that have either foreign or mixed capital. The results
of the study will be useful for both theorists and practitioners in the field of organizational
policy as well as for those engaged in strategic management in companies and other
Keywords: Corporate policy, management, organization, performance, research, sophistication
- Toward the measurement of alliance entrepreneurship; initial scale development and validation
by Ali Davari, Arash Rezazadeh
Abstract: This study attempts to develop and empirically test a measurement instrument assessing alliance entrepreneurship. The proposed scale comprises three dimensions: pre-alliance formation factors, post-alliance formation factors, and alliance performance, each incorporating several sub-dimensions. A series of three studies are implemented to generate an initial pool of items, to test the quality of data, and to purify the proposed scale. Data analysis is conducted in terms of reliability and validity assessment, confirmatory factor analysis (CFA), and also outer and inner model estimation. Employing the Structural Equation Modeling (SEM) technique in both covariance-based and component-based approaches, our findings from a sample of firms in Irans telecommunication and automotive industries provide strong evidence of reliability and validity, multidimensionality of constructs in second-order hierarchical modes, and the goodness of fit for measurement models as well as the structural model.
Keywords: alliance entrepreneurship; pre-alliance formation factors; post-alliance formation factors; alliance performance; entrepreneurial performance; scale development
- Enterprise Development through the Safety Culture Maturity Model
by Bordin Vongvitayapirom, Achmad Nizar Hidayanto, Kongkiti Phusavat
Abstract: The research aims to provide a roadmap for implementing a safety culture maturity model or SCMM which is critical for enterprise development today. The research methodology consists of two phases. The first phase involves an in-depth study into one oil and gas company as a baseline case. This case helps endorse the seven safety components for the implementation of the SCMM in an enterprise. The second phase compares the baseline cases results with industrial practices. In this phase, the Principal Component Analysis or PCA is applied for this comparison. The experts who participated in this second phase helped to verify these findings and to further assist in developing a checklist. For this study, the roadmap consists of the safety components and the checklist. Finally, this research contributes to enterprise development due to the emerging importance of occupational safety and health.
Keywords: Safety Culture Maturity Model, Safety Management System, and Enterprise Development
- Thai garment industry organizational characteristics and strategic factors that affect corporate performance
by Chavalit Nimlaor, Jirasek Trimetsoontorn, Wanno Fongsuwan
Abstract: This study concerns the modeling and analysis of the Thai Garment Manufacturers Association's members using both quantitative and qualitative research methods. With the garment industry expected to continue its contraction and loss of exports due to increased global competitiveness, the researchers wish to use decades of industry knowledge to conduct further analysis. Quantitative data was obtained from 178 entrepreneurial members while qualitative data was gathered from in-depth interviews of 10 senior executives using simple random sampling (Purposive Sampling) while using Partial Least Square (PLS-Graph) software to apply structural equation modeling analysis. Results showed the hypotheses had a significance level of p ≤ 0.05, having a significant influence on corporate strategy and organizational characteristic. Findings concluded that industry entrepreneurs must have clear strategic leadership visions keeping pace with rapidly developing sector changes. Finally, industry leaders must also respond immediately to their customers while maintaining their margins and a competitive advantage.
Keywords: Apparel; garment industry; corporate strategy; R&D; corporate performance.
- Financial and Non-Financial Information in Reorganization Failure Prediction
by Eija Kärkinen, Erkki K. Laitinen
Abstract: The purpose of the paper is to analyse the contribution of financial and non-financial information on predicting reorganization failure of very small entrepreneurial firms. The data used in this study consist of a sample of Finnish firms (n=68) reorganizing under Finnish Company Reorganization Act (comparable to chapter 11 in Bankruptcy Act in the US). Up to 50% of the firms have failed during the reorganization program while the rest of the firms continued operating. This study examines whether the expected weak predictive ability of accrual-based financial ratios (hypothesis 1) can be increased by using cash-based (manipulation-free) cash flow ratio (hypothesis 2). In addition, it is examined whether non-financial variables either alone (hypothesis 3) or in conjunction with financial ratios (hypothesis 4) are able to predict firm failure more accurately than models based on financial-information solely. Logistic regression analysis is used to test the four hypotheses. Empirical evidence supports all hypotheses.
Keywords: reorganization; failure; entrepreneurial firms; non-financial characteristics; cash flow
- Optimal production lots for items with imperfect production and screening processes without using derivatives
by Hui-Ming Teng, Ping Hui Hsu
Abstract: Complicated traditional computing processes take the first and second order derivatives to obtain the EOQ/EPQ formula are difficult to understand. This study proposes an EPQ model for imperfect items, which utilizes a simple computing method without using derivatives and considers different screening rates to obtain the optimal production lots. The analytical method for sensitivity analysis is examined. A numerical example is provided to illustrate the proposed model. Using the proposed model, researchers who are unfamiliar with calculus may be able to find a solution to procedures with inventory problems more easily.
Keywords: imperfect quality; screening process, derivatives
- Social Network Analysis: Potential Quality Tool for Enterprise Development
by Kongkiti Phusavat, Amir Radfar, Rotrat Rojanakit
Abstract: The study evaluates the applicability of the Social Network Analysis (SNA) as a quality tool for an electronic manufacturer. This firm looks for a suitable tool to help improve its delay time when handling a customer complaint. Despite various quality-related tools, there is no specific technique to help analyze the bottlenecks in information flows. For instance, process analysis is applicability with the tangible objects. For the SNAs findings, the information bottlenecks are identified at the Supervisor and Product Engineer Section Manager nodes. The feedback is gathered from all participants for their feedback on the future use of the SNA. They consider the SNA as useful in gaining the visibility and insightful knowledge on the linkages of all key tasks. Finally, the SNA has strong potential to be part of current quality tools being applied today for enterprise development.
Keywords: Social Network Analysis, quality tool, information bottlenecks, and enterprise development